what is the difference between tcs and tds explaine?



what is the difference between tcs and tds explaine?..

Answer / bharathi

TCS is tax collection at source,while we selling some
products like arrack,scraps etc.. the seller has to collect
1% tax from the buyer.TDS tax deduction at source,while
making payment the we have to deduct certain percentage of
tax (% depends on the nature of payment)

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